Community West Bancshares (NASDAQ:CWBC) Given New $19.00 Price Target at Keefe, Bruyette & Woods

Community West Bancshares (NASDAQ:CWBC - Free Report) had its target price cut by Keefe, Bruyette & Woods from $21.00 to $19.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the financial services provider's stock.

Several other research analysts have also commented on CWBC. DA Davidson dropped their price target on shares of Community West Bancshares from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. StockNews.com raised Community West Bancshares from a "sell" rating to a "hold" rating in a report on Monday, January 27th.

Community West Bancshares Price Performance

Shares of CWBC traded down $0.01 during trading hours on Tuesday, hitting $17.37. 55,102 shares of the company were exchanged, compared to its average volume of 52,351. The firm has a fifty day simple moving average of $17.73 and a 200-day simple moving average of $19.01. The company has a market capitalization of $331.09 million, a PE ratio of 33.40 and a beta of 0.78. Community West Bancshares has a one year low of $15.57 and a one year high of $22.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.82 and a quick ratio of 0.82.

Community West Bancshares (NASDAQ:CWBC - Get Free Report) last released its earnings results on Monday, April 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Community West Bancshares had a net margin of 4.59% and a return on equity of 7.90%. The business had revenue of $34.79 million during the quarter, compared to analysts' expectations of $35.05 million. As a group, sell-side analysts predict that Community West Bancshares will post 2.15 earnings per share for the current year.

Community West Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.48 annualized dividend and a yield of 2.76%. Community West Bancshares's dividend payout ratio (DPR) is presently 73.85%.

Insiders Place Their Bets

In other Community West Bancshares news, President Martin E. Plourd sold 7,732 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $19.26, for a total value of $148,918.32. Following the transaction, the president now directly owns 82,737 shares in the company, valued at $1,593,514.62. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James J. Kim purchased 1,600 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $17.36 per share, for a total transaction of $27,776.00. Following the completion of the acquisition, the chief executive officer now owns 60,178 shares in the company, valued at approximately $1,044,690.08. This trade represents a 2.73 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 6,805 shares of company stock worth $121,808 over the last ninety days. 10.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Community West Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its stake in Community West Bancshares by 12.9% during the 3rd quarter. State Street Corp now owns 251,944 shares of the financial services provider's stock worth $4,852,000 after acquiring an additional 28,695 shares during the period. Barclays PLC grew its holdings in shares of Community West Bancshares by 228.5% during the 3rd quarter. Barclays PLC now owns 22,057 shares of the financial services provider's stock worth $424,000 after purchasing an additional 15,343 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Community West Bancshares by 6.7% in the third quarter. Geode Capital Management LLC now owns 389,248 shares of the financial services provider's stock worth $7,499,000 after purchasing an additional 24,294 shares during the period. Spire Wealth Management acquired a new position in Community West Bancshares in the fourth quarter valued at about $27,000. Finally, Kestra Private Wealth Services LLC lifted its position in Community West Bancshares by 7.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 23,890 shares of the financial services provider's stock worth $463,000 after purchasing an additional 1,598 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

About Community West Bancshares

Community West Bancshares operates as the bank holding company for Community West Bank, N.A. that provides various financial products and services in California. The company offers deposit products, such as checking accounts, savings accounts, money market accounts, and fixed rate and fixed maturity certificates of deposits; and cash management products.